女性在公司董事会任职对会计金额价值相关性的影响:来自欧盟的经验证据

IF 9.4 3区 管理学 Q1 BUSINESS, FINANCE Journal of International Financial Management & Accounting Pub Date : 2021-08-08 DOI:10.1111/jifm.12138
Riccardo Cimini
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引用次数: 15

摘要

本文探讨了女性在场对价值关联的影响。该研究以2009年至2017年期间在18个欧洲国家上市的487家实体为样本,使用价格模型评估女性存在对所分析公司合并年度报告中披露的收益和账面价值的价值相关性的影响能力。研究结果提供了证据,表明公司董事会中女性的存在增加了会计金额的价值相关性,从而提供了董事会构成影响投资者判断的见解。考虑到文献中学者们已经表明女性存在与市场价格相关,本文提供了一个贡献,表明其能够影响收益和股权账面价值的价值相关性。研究结果表明,不仅会计准则的质量,公司董事会中女性的存在等其他因素也会影响会计实践,进而影响财务报告的质量和价值相关性。其研究结果为欧盟《2020-2025年性别平等战略》提供了额外支持,根据该战略,女性参与劳动力市场的增加对整个经济产生了强大而积极的影响。
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The effect of female presence on corporate boards of directors on the value relevance of accounting amounts: empirical evidence from the European Union

This paper investigates the ability of female presence to affect value relevance. Focusing on a sample of 487 entities listed in 18 European countries over the period 2009–2017, it uses a price model to assess the ability of female presence to affect the value relevance of earnings and book value disclosed in the consolidated annual reports of the firms analyzed. Findings offer evidence that female presence on corporate boards increases the value relevance of accounting amounts, providing insights that board composition affects investors’ judgments. Taking into account that in the literature scholars have shown that female presence is associated with market prices, this paper provides a contribution, showing its ability to affect the value relevance of earnings and book value of equity. The research findings suggest that not only the quality of accounting standards but also other factors such as female presence on the corporate board of directors affect accounting practices and, in turn, the quality of financial reporting and value relevance. Its findings offer an additional support to the European Union Gender Equality Strategy 2020–2025 according to which an increase in women's participation in the labor market has a strong, positive impact on the whole economy.

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来源期刊
CiteScore
9.10
自引率
2.00%
发文量
23
期刊介绍: The Journal of International Financial Management & Accounting publishes original research dealing with international aspects of financial management and reporting, banking and financial services, auditing and taxation. Providing a forum for the interaction of ideas from both academics and practitioners, the JIFMA keeps you up-to-date with new developments and emerging trends.
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